In early trading Thursday, Facebook shares jumped as much as 16% to $62.30, well-ahead of its previous top of $59.31. The stock’s recent growth marks a substantial change of fortune for the company’s shares, which were trading around $25 as recently as the summer.

The world’s largest social network showed Wednesday that it can generate more money out of each user, as it posted a 63% increase in revenue and an eightfold increase in profit for the fourth quarter.